With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
I’ve never had a car loan in my life. I’ve never had comprehensive insurance. I’ve had four cars in 22 years. Only once have I had a car less than 12.6 years old, and just barely. 10y is the sweet spot when I go used car shopping.
My current 2007 C4 grand picasso sitting at 153k km should last me at least another four-five years before I hit my pain point maintenance-wise.
I cracked the windshield on my current car, but that repair cost 1/5 of what 22 years of windshield insurance would’ve cost, ignoring inflation.
I’ve never had a car loan in my life. I’ve never had comprehensive insurance. I’ve had four cars in 22 years. Only once have I had a car less than 12.6 years old, and just barely. 10y is the sweet spot when I go used car shopping.
My current 2007 C4 grand picasso sitting at 153k km should last me at least another four-five years before I hit my pain point maintenance-wise.
I cracked the windshield on my current car, but that repair cost 1/5 of what 22 years of windshield insurance would’ve cost, ignoring inflation.